One of the biggest challenges facing companies today is how to ensure that corporate governance stays integrated with business operations, safe guards it from risks and influences decision-making in a manner that enhances rather than restricts the company's pursuit of its strategy. At LeasePlan good corporate governance is at the centre of our business model. Our systems of governance provide the necessary checks and balances between management and employees, as well as between management, the supervisory board and shareholders.
The Managing Board is made up of three members. The Supervisory Board comprises five members. Both boards perform their duties and powers as laid down in the relevant laws, rules and regulations, the articles of association, and the regulations applicable to the Managing Board and the Supervisory Board respectively. The Managing Board meets every other week and the Supervisory Board meets at least four times a year.
Code of conduct
In 2010, we launched a renewed corporate Code of Conduct to employees which provides guidance on the principles which govern the way we conduct our business.
Moral ethical statement and the Dutch Banking Code
The Code of Conduct is in tune with the principles of the Dutch Banking Code with respect to moral ethical conduct. In addition, the members of the Managing Board have signed the moral ethical statement as defined in the Dutch Banking Code.
We have held a Dutch banking licence since 1993. The Dutch Central Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) supervise our operations. As a financial institution, one of the main regulations we need to comply with is the Dutch Act on Financial Supervision.
Corporate Governance Statement
Pursuant to the Dutch Decree of 20 March 2009, updated on 1 January 2010, implementing further accounting standards for annual reports (Besluit Corporate Governance) and based on the listing of LeasePlan debt securities issued on regulated markets in the EU, the following information is provided. The most important of the control systems set-up for securing reliable consolidated financial statements are:
The group of entities is comprised of subsidiaries in 30 countries acting as separate business units selling LeasePlan’s core products. View our worldwide operations.